You've reached the end of the road. Your divorce is finalized, and it's time to look ahead. You've weathered the storms of tears and anger, and now you're facing a future that's uncertain. It's common to feel stuck in this transitional phase, and some may even revert to a carefree lifestyle reminiscent of their youth. However, this is not the time to make hasty decisions about money, career, or housing. Instead, it's crucial to avoid regrets by staying grounded and focused. Now is the moment to start the healing process and move forward. It's an opportunity to turn your experiences into something positive and meaningful as you embark on this new chapter of your life.

The most important task for building a healthy new life is to fully understand your settlement agreement. I understand that the divorce process has been challenging, and you may feel the need to take a break. However, this step is critical. Many people I encounter are unsure about the details of their settlement because they're eager to avoid more attorney fees. However, reaching out to your attorney now can provide significant value for the fees you've paid. Take the time to thoroughly review your final decree and ensure you comprehend every aspect of it. If you're uncertain about any part, consider scheduling another meeting with your attorney or seeking assistance from a Certified Divorce Financial Analyst® like myself. As part of the post-divorce support my company and others offer, we can help you review your decree, set up accounts, and facilitate the transfer of assets as needed.

At this point, you might encounter a term that often strikes fear: QDRO, short for Qualified Domestic Relations Order (pronounced "quadro"). This is a legal document necessary if you're entitled to a portion of your ex-spouse's retirement savings. It's surprising how many individuals realize years later that they never received their rightful share of the 401k or pension payments. This often occurs because no one completed the required QDRO or informed them about it. It's a situation you definitely want to avoid. Missing out on a pension allocation due to a late-filed QDRO is a real risk, and you don't want to find yourself in that position.

Now that you've assessed your assets, the next step is ensuring they're managed effectively for long-term sustainability. This is where a trusted financial advisor becomes essential. There's no question about it - professional guidance is essential. When searching for one, consider this: while advisors may have access to similar financial products and services, their approach varies. Some prefer simplicity, while others navigate complexity. What truly matters is understanding the fees associated with their services and, most importantly, forming a connection built on trust and rapport. Follow your instincts and prioritize hiring someone you genuinely like and trust, even if it's based on a gut feeling. Avoid getting swayed by flashy sales pitches. Opt for the advisor who feels like a friend; in the grand scheme, it leads to greater satisfaction and peace of mind.